Calian Group Ltd. (TSE:CGY) Receives Average Recommendation of “Buy” from Analysts

Shares of Calian Group Ltd. (TSE:CGY) have received a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$72.29.

CGY has been the topic of a number of recent analyst reports. Acumen Capital reduced their price target on Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. Ventum Financial reduced their target price on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th.

Insiders Place Their Bets

In related news, Director Jo-Anne Cecile Poirier sold 4,368 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$47.15, for a total value of C$205,951.20. Also, Director Raymond Gregory Basler sold 849 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total value of C$42,101.91. Over the last ninety days, insiders bought 915 shares of company stock worth $43,075 and sold 11,266 shares worth $546,673. Corporate insiders own 0.63% of the company’s stock.

Calian Group Trading Up 2.8 %

Shares of Calian Group stock opened at C$48.21 on Friday. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$61.24. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The business has a 50 day moving average price of C$48.66 and a 200 day moving average price of C$49.83. The company has a market capitalization of C$571.29 million, a P/E ratio of 33.95, a P/E/G ratio of 2.50 and a beta of 0.88.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, December 9th. Calian Group’s dividend payout ratio is presently 78.87%.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.